Post
Topic
Board Bitcoin Discussion
Re: Knowledge vs hodlings
by
ZAINmalik75
on 17/09/2023, 19:29:29 UTC
so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.
That's good advice that you have given to the newbies, they should really not rush into buying the BTC because of hype or some FUD or FOMO. Just because they heard from someplace that BTC is going to go up in some time, now is the best time to take some entry. We should all avoid that. Whether we are newbies or not. We should not follow these market sentiments that take us towards loss.

We should first get knowledge of Bitcoin and blockchain technology, and then we should invest in Bitcoin. Some days ago, I read a topic in which an OP shared his story about how he knew a lot about BTC but was still afraid to invest in it. He also shared how he overcame his fear and thought that if he did not make or buy BTC, then how could he achieve success? We all know that knowledge alone is not enough. Experience is also necessary with it.

Knowledge is a great power, without knowledge, a person can easily be compromised. Even those who got hacked and scammed are the ones who have less knowledge about Bitcoin and blockchain technology. They didn't know that things don't work like that. For example, a friend said that someone asked him to pay money first in order to get the airdrop reward. I knew that was a scam, so I wanted him, and fortunately, he got saved. I am happy that he followed my instructions and saved himself, but most of the newbies become selfish and begin to think that we don't want them to make money, and that's why we are avoiding them.